The Importance of E-Commerce in Our Lives

Many businesses have shown that after implementing an e-commerce system into their companies, sales have increased immensely. Sneaker Joe’s is a small family run business that is looking to expand their business after the sneakers they sell have shown to be very popular locally, after a picture of them was spotted on a social networking site. I have been looking at some of the most popular websites that consumers use to purchase their goods and what kind of commerce system they have in place, but first, I have written an explanation of the different types of ecommerce used today.

However, this definition seemed to be impartially narrow by some people, therefore, with the new term E-Business has emerged, that brings out wider definition of E-Commerce. It is important to note that E-commerce is not just restricted to selling and buying of goods and services, however it also service customers, cooperating with business partners and leading electronic transaction within the company (Song & Zahedi, 2001).

These firms make up the largest group of B2C companies today. There are two types of online intermediaries: brokers and infomediaries.

E-commerce or Electronic Commerce has become a part of our everyday lives. The growth of World Wide Web is growing, more and more each day. Businesses practically live on the web. E-commerce growth has provided consumers with many different retail choices making the lives easier for the online community. Although, this makes things easier for consumers who shop online, most of these companies have chosen

Many organizations industriously look for the opportunity to gain the competitive advantages in their industries. One of the opportunities that frequently used by the organization is the implementation of e-commerce. Thus, the e-commerce and the online sale transaction become popular in each industry. E-commerce provides many benefits, such as the saving of shopping time, the cost savings, convenience, and free from geographical constraints.

In 21st century, the power of internet contributes to the humanity that makes the world more interconnected as well as influences us daily bases that changes the way of living in most convenience. The latest trending big thing in our society is the online shopping, which is the most easy way to buy stuff without physically go to store to purchase. This magical advancement help us to buy products that we want within short amount of time as well as enable to access to thousands of stores. In the proper business term, this form of business called e-commerce. Today, there are

The widespread application of internet and prevalence of globalization give rise to various influential trends in business context, one of which is e-Commerce. According to (Browne et al., 2004), e-Commerce refers to a commercial platform that allow transactions to happen via electronic devices and digital environment that requires no face-to-face or human interaction as opposed to traditional mode of purchase. E-Commerce is revolutionizing the landscape of modern business environment by offering a convenient, rapid, borderless and timely mechanism for commercial transactions. Moreover, e-Commerce provides an alternative to traditional value chain in which manufactured products need to move through multiple layer of distribution to reach the end-users. In other words, via electronic platforms, suppliers can now access their end customers directly via web-based ordering system without the needs for wholesalers

E-commerce is platform of communication through internet that takes place between companies and their customers (Whiteley, 2000). The e-commerce provides various services such online shopping, online bank and E-enterprise which are also emerging trends on their own. Online shopping is one biggest service of e-commerce which allows consumers to buy, order and view goods and service on online through their gadget, anywhere they are (Dennis et al. 2004; McCormick, 2009). Based on fact that world is connected through internet and the new generation prefer to utilise technology than do things in manual process (going physical retail). .

In terms of marketing, even the buying patterns and reasons for purchase of the consumers play a large part in the different marketing techniques of B2B and B2C companies. In the business-to-business companies, the buyers are buying based off of rational decisions and the business value a product or service brings. This is why the marketing strategy must focus on the relationship between businesses: the need to communicate the details and benefits of a product or service, to prove it as a beneficial and worthwhile for another company to have, is critical.

Electronic Commerce or e-commerce refers to a wide range of online business activities for products and services(Rosen, 2000). E-commerce (or electronic commerce) is defined as the buying and selling of goods and services conducted over electronic systems such as the Internet and other computer networks. Electronic commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems and automated data collection systems. (Anon, n.d.). It also refers to any type of business transaction where the parties interact electronically rather than

Today E-Commerce has become a network of intricate commercial activities at the planetary level. E-Commerce facilitates the distribution and the exchange of goods and services. The ranges of consumer goods are very broad. One can electronically sell

E-commerce is a type of business where individuals, firms and companies engage in business activities over an electronic network mainly internet. It is notable that e-commerce operates in business to consumer, business to business, consumer to business and business to business market segments . The emergence of e-commerce can be attributed to the advent of new technologies, mail order purchasing through a catalog is possible. Currently almost all products and services are offered through e-commerce including financial services. E-commerce has emanated from a number of technologies such as electronic funds transfer, mobile commerce, online transaction processing, internet

Electronic commerce (or e-commerce) consists of the repurchasing of different services and products, utilized by the internet. This includes business-to-business (B2B), business-to-consumer (B2C), and consumer-to-consumer(C2C) transactions. These transferable activities include, but are not limited to, online retail sales, online bill paying, supplier purchases, and Web-based auctions. Electronic commerce implements and utilizes several different types of technologies including transactions of funds, electronic data interchange, credit cards, and e-mail (Reference for Business, Encyclopedia of Management, 2008). The term e-commerce is often used interchangeably with Electronic business (e-business). E-business refers to the use of digital technology and the Internet to execute the major business processes in the enterprise. E-business includes activities for the internal management of the firm and for coordination with suppliers and other business partners (Laudon, K., 12th ed., p. 55). E-commerce facilitates the growth of online business. It is categorized as follows; Online marketing, online advertising, online sales, product delivery, product

Nowadays, millions of people joined Internet in daily life. According to Internet World Stats’ statistics (2012) today more than two billion people linked to the Internet. The Internet mass use promotes the electronic commerce rapid expansion in the 20th century. The electronic commerce has been changed of the traditional way people shop. According to Turban et al (2000) defined the e-commerce is an emerging concept the process of buying, selling, exchanging product, service and information through Internet. The Internet has created a new market for both customers and business firms, the

The Internet has created a platform for online selling and buying of goods and services. Business firm is also called e-enterprise or digital firm, as most of the business organization are using internet and wireless network for improving their performance in terms of cost, efficiency and profitability with the use of e-business and e-commerce solutions to reach worldwide audience to sell their products and services. The business process across the organization and outside run on an e-technology platform using digital technology. In a e-enterprise business conducted electronically. These enabling capabilities of technology constitute to e-business, e-commerce, e-communication and e-collaboration that work in an e-enterprise.3